Maruti broke all records, became the first company in the country to earn Rs 1 lakh crore - Newztezz Online

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Thursday, April 27, 2023

Maruti broke all records, became the first company in the country to earn Rs 1 lakh crore

According to Bloomberg data, Volkswagen, Toyota and Stellantis remain the world's top vehicle makers with revenues of $293 billion, $271 billion and $189 billion, respectively.

Maruti has made a new record in India. It has become the first such automaker company in the country whose revenue has crossed one lakh crore rupees in India. After touching this figure, Maruti has joined the list of 30 automakers in the world. Maruti is the second automaker company in the country to join this league, Tata Motors has already joined this list.

One of the world's top companies

Tata Motors has got more than two-thirds of its revenue from Jaguar Land Rover, due to which the company is ranked 17th. On the other hand, Maruti, a car maker like Baleno and Brezza, is at the 28th position in this global ranking. According to Bloomberg data, Volkswagen, Toyota and Stellantis remain the world's top vehicle makers with revenues of $293 billion, $271 billion and $189 billion, respectively. RC Bhargava, chairman of Maruti Suzuki India, said in a media report that our plus point is that we are in India, which is one of the fastest growing markets. On Wednesday, the company announced that the company is soon going to set up a plant with a production capacity of one million units.

Have a wonderful year

Maruti Suzuki has sold a total of 170,071 units in March 2023. Domestic sales in March were 136,787 units. At the same time, with 30,119 units, the company has exported the highest ever. In the fiscal year 2022-23, the company has sold 1,966,164 units, which is a record so far. Which is 20.5 percent more than the financial year 2021-22. In which domestic sales are 1,644,876 units and 259,333 units have been exported. In the financial year 2022-23, there was a shortage of electronic components, which had an impact on production.

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